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A friend of mine who works in the financial sector and lives in Manhattan has been contacting New York City Council Members. Every one of them that he's been able to contact so far, and that includes 6 of the 10 representatives from Manhattan, say they're in favor of the FTT. When he tries to...

The algo-trading back in the 1980s was HFT relative to everybody else in the market. When everybody else was placing orders via telephone, they were using computers to trade faster, more often and for shorter periods than anyone else at the time. It wasn't HFT by today's standards, but compared...

It's like the LA Times and the illegal immigration issue. As far as they're concerned, there's only one point of view allowed and all others must be silenced.

Algo-driven trading actually started back in the late 1970's (though very crude by today's standards). When I was in grad school (mid/late-1980s) we did some research on its effects on the markets. At the time, Algo volume was very low (% of total) and limited in scope and it wasn't very well...

As long as Republicans maintain control of at least one chamber of Congress, the FTT won't happen here. If Democrats take over both the House and Senate with a Democratic President, the FTT will be in play.

Vestager and her party are huge supporters of the FTT. They will end up implementing the tax. If you read her last "reconsider" quote carefully, that pretty much says it all. If Merkel tells Vestager that "problems are solved," Vestager will say , "Okay, we accept the FTT."

Let's see what happens when the FTT comes up for a vote. Will Malta, the Czech Republic, Cypress and other countries against the FTT suddenly fold? And what about the Netherlands. They said they were waiting for the CPB report (Ministry of Economic Affairs) on the FTT before taking a firm...

Obama sent Iran a polite letter telling Ahmajinedad that any US aircraft carriers in the area are there for peaceful purposes only... same goes for the B-2 bombers... and cruise missiles... and Navy Seals... All that stuff... peaceful purposes only... No, really...

There are 11 countries against the FTT at last count. I expect they will easily get the remaining 16 to say yes. This was inevitable. Merkel/Sarkozy/Barroso made it clear long ago they were going to find a way to institute the FTT, with or without the UK.

They are both excellent guns. I used to compete with a custom Sig p226 that I liked a lot. I no longer shoot Sigs because of their double/single action trigger pull. I have developed a preference for a single-weight trigger pull. There was a time when I would have gone for the Sig, but today...

If there are specific courses that you're interested in, list them here. Anyone who has experience with those courses could tell you what they think about them. I'll give you some general advice that may be helpful. I've been trading for 20 years; starting as a stock swing trader, then...

What are you looking for? "Good education" is not specific enough. Are you looking for a turn-key trading system? An understanding of how options work? Ways to analyze volume? Methods of hedging your portfolio? Provide some specifics and you'll get better answers. A general answer that I...

This is priceless: In the last year and a half, Ms. O’Brien has made several appearances before the Commodity Futures Trading Commission. On at least two occasions, she was a panelist at roundtable discussions held at the agency on the topic of safeguarding customer money...

The 2010 IMF report recommended against the FTT and in favor of the "Financial Stability Contribution" and the "Financial Activities Tax," both of which would be levied directly on financial institutions. http://www.imf.org/external/np/g20/pdf/062710b.pdf The US, Canada, Australia and the...

Luc Frieden, Luxembourg's Finance Minister, has spoken against the FTT on numerous occasions including saying that an EU-only FTT would severely damage their economy. Perhaps the PM is just playing politics, appealing to the crowd that supports the FTT, but at the same time knowing it's not...

It's great that your congressman gave you a real response. In California we only get non-responses such as the one I got from Senator Barbara Boxer shown below. Why does she even bother to send a canned response like this? It's mind boggling. ==============================================...

http://www.latimes.com/news/opinion/commentary/la-oe-turley-civil-liberties-20110929,0,7542436.story Obama: A disaster for civil liberties One man is primarily responsible for the disappearance of civil liberties from the national debate, and he is Barack Obama. While many are reluctant to...

I've been doing the same. I've found the following references helpful: ============================= FINANCIAL TRANSACTIONS TAX (FTT) WILL HIT WORKER’S PENSION SAVINGS The FTT isn’t a tax on bankers, it’s a tax on pension plans. by Lars Oxelheim, PhD, Lund Institute of...

The evidence shows how destructive the FTT is, yet the proponents seem more determined than ever to force it on the entire world.

If you trade for a living and you're not concerned there's something seriously wrong! We're all concerned. The question is, what are you doing about it? 1) Are you in contact with your congressional representatives telling them how destructive the FTT will be? 2) Are you in touch with...